Panasonic Plunges on $9.6 Billion Loss Forecast
Panasonic Corp., Japan’s second-biggest TV maker, plunged by the daily limit in Tokyo trading after forecasting a loss 30 times bigger than analyst estimates because of restructuring costs and falling demand.
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Mongolia Reaches Agreement With IMF
04:26 - Mongolia reached an initial agreement with the International Monetary Fund for a three-year program that includes a $440 million loan package as part of a $5.5 billion bailout to help the north Asian country with looming debt repayments. IMF Mission Chief to Mongolia Koshy Mathai explains the agreement on "Bloomberg Daybreak: Asia." (Source: Bloomberg)